noun
- a type of horse racing bet in which the bettor must pick the first and second place finishers in exact order
Usage: horse racing
Examples
- She won $500 on an exacta bet at the Kentucky Derby.
- The exacta paid out well because it was an upset finish.
- To win an exacta, you must pick both the winner and runner-up correctly.
- He placed an exacta bet on horses 3 and 7 to finish first and second.
- The exacta is harder to win than a simple win bet but pays more.
- Many bettors prefer the exacta over more complex wagers like the trifecta.